Columbia Yukon Drilling Ready to Commence on Voisey's Bay East.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 12, 1996-- COLUMBIA YUKON (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CYR CYR Colonia, Uruguay (Airport Code) .) Columbia Yukon Resources Ltd. (the "Company") is pleased to announce that drill permits have been received for the VBE See VESA BIOS Extension. 1 claim block under option from International CanAlaska Resources. The VBE 1 prospect is situated on the south-east boundary of the Diamond Field's/Inco Main discovery block. Columbia Yukon will mobilize mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. a high capacity drill rig to the VBE 1 and set up will resume in approximately one week. Six drill targets have been set in the north-west quadrant quadrant, in analytic geometry quadrant. 1 In analytic geometry, one of the four regions of the plane determined by two lines, the x-axis and the y-axis. of the property. The drill program is designed to ascertain whether an "Eastern Deeps" style nickel-copper-cobalt mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is present on this property. Columbia Yukon Resources Ltd. has elected to accelerate its 50 percent earn in on VBE 1 and VBE 2 by funding the current program. The budget for the drill program is estimated to be $650,000. Columbia Yukon Resources Ltd. can earn a 70 percent interest in the VBE 1 and VBE 2 claims under the terms and conditions as outlined in the Company's news release of February 23, 1995. International CanAlaska Resources will be the operator. ON BEHALF OF THE BOARD OF DIRECTORS Douglas L. Mason -0- Note to Editors: The Alberta Stock Exchange nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Columbia Yukon Resources Ltd. Douglas L. Mason, 604/683-3070 604/683-2308 (FAX) |
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